Schiff is holding about 675K of mine.Good guy. BRILLIANT.
As usual the media tries to discount his opinion. Anyone else do 35 or so percent last year? Look to his new international division.
Celente is why I sold my businesses and hauled ass.
Ever heard of these guys ?
NO. But you know who Semen Cow and Justout Boober are.
I did almost 40% in 2008-early 2010.
I took my money out of the market in April of 2010 - and have not returned to it and will not until this bubble burst - and it will.
Look - Peter was right in 2006 when he said the "growth in wealth" that everyone was touting was on paper only and would vanish - it did. But then enter the Government trying to ensure financial businesses stay profitable and we had QE 1 &2 - which created the largest and fastest market growth in history.
QE2 is running out of money - and the market is right back in the same fragile state it was in 2007, so what does the idiots want to do again? - QE3. If they do that - we better start saving for QE5,6,7,8 etc. etc. because the ONLY reason we have growth in a severe recession is artificial demand created by the FED.
When this bubble burst the American people will not stomach another $900Billion wallstreet bailout...and $billions and $billions of pretend money will disappear.